Unlocking the Power of AI-Driven Risk Management Solutions
Sphera's Supply Chain Risk Management (SCRM), formerly riskmethods, offers a groundbreaking approach to safeguarding your supply chain by leveraging AI-driven risk management solutions. This innovative platform enables users to avoid unplanned costs and generate savings of up to 20% by securing critical supplies. Additionally, businesses can protect revenues by responding to disruptions 36 hours faster than before. By optimizing working capital through automation, early risk detection can be increased by a remarkable 85%. Moreover, SCRM helps in securing compliance and protecting the reputation of enterprises by creating transparency in the supply network.
Comprehensive SCRM Solution by Sphera
Sphera's SCRM solution offers a comprehensive suite of modules that enhance supply chain resilience. The platform provides dynamic insights, enabling early risk detection and real-time monitoring across the supply network. Leveraging premium news sources and internal data, enterprises can access a unified risk scorecard, empowering proactive measures against supply chain threats and ensuring operational safeguarding. Modules like Risk Radar utilize AI to map and proactively protect the supply network, while the Impact Analyzer helps assess the criticality of suppliers and detect vulnerabilities. The Action Planner facilitates supply chain mitigation through efficient collaboration, and the Sub-tier Visibility feature enables multi-tier risk tracking. Moreover, the Compliance Incident Management module helps in detecting, monitoring, and mitigating ethical supply chain violations.
Supply Chain Due Diligence for Enhanced SCRM Strategy
Elevate your SCRM strategy with Supply Chain Due Diligence from Sphera. This subscription-based offering provides proactive identification and mitigation of ESG risks in the supply chain. With customizable action plans and compliance-ready data collection, enterprises can bolster their risk management practices. Real-time monitoring of supply networks is a key feature that helps in quickly detecting threats by profiling and monitoring the supply network continuously. Collaboration across the organization and with suppliers is emphasized to proactively mitigate risk, improve partner collaboration, ensure compliance, and transparency.
Managing ESG Risks in the Supply Chain
As stakeholders increasingly demand ethical business practices, Environmental, Social, and Governance (ESG) criteria have become integral to supply chain operations. Sphera's SCRM solution addresses ESG risks related to corruption, price-fixing, waste, environmental pollution, human rights violations, and hazardous substance use or export. By recognizing and managing these risks, businesses can uphold ethical standards, avoid penalties, fines, and warnings, and maintain sustainable supply chain practices.